Starting a business can be scary. The first question that pops into your mind is ‘Will it work? ’.
You must remember that to be in business, you don’t need to have all the knowledge and skills. You role is to establish ‘the purpose of your business and how to fit the pieces together to make it work’.
How did Lord Sugar do it after all? One vital thing to remember is that you need to surround yourself with a good support team. For instance, get a marketing specialist to market your products or services. If you haven’t got a clue as to how to manage your finance, do not hesitate to ask help from a financial adviser, or even ask help from your family and friends. Let’s not forget the role of having a good accountant and tax adviser that can help you to save tax and money.
In a nutshell, you should not be afraid to go out there and seek the help you need to ensure that your business succeeds.
Tracy Koon – Audit Team
Westbury Accountants and Business Advisors is an accountancy practice based in London. Westbury have been providing Accounting and Tax solutions to small and medium sized businesses since 1936. Talk to the team at Westbury on 0207 253 7272 or visit http://www.westbury.co.uk.